Binance CEO Changpeng Zhao (CZ) recently shared insights on the Bitcoin halving event. He noted three consistent patterns in community behavior around halvings: increased anxiety and hype a few months before the event, no immediate doubling of BTC‘s price after the halving, and Bitcoin reaching various all-time highs in the year following the halving. CZ emphasized people’s tendency to have short memories regarding market fluctuations.

Meanwhile, Shiba Inu (SHIB) saw a significant on-chain spike despite its current price decrease. Large holders’ inflow surged by 1,587% from October 7 to October 8, indicating potential market bottoms. Santiment analytics suggested that the Shiba Inu network might be nearing capitulation or bottoming, as it experienced substantial trader loss-taking versus profit, a trend rarely seen throughout the year. SHIB‘s current trading price is $0.00000672.

Additionally, Ripple made notable moves, transferring 60 million XRP (worth $30,985,299) to an unnamed wallet and 29 million XRP (equal to $15,042,010) to the Bitstamp crypto exchange. The reasons behind these transfers, which include possibilities like selling, staking, and airdrops, remain undisclosed. XRP‘s current price stands at $0.483.